A quantum computer is a kind of computer that directly uses the rules of quantum mechanics to do a mathematical calculation. A quantum computer consists of building block known as quantum bit or qubit which is similar to the digital bits of a computer which are components of computers. The characteristics of quantum computing are best for making highly secure systems. Encryption is trending everywhere, from social media websites to banks and databases. Quantum computers can speedily sort larger databases as well as vast stores of various, unstructured data. With the help of silicon technology, quantum computers are built using current assembly processes, are the drivers of Quantum Computing market
Artificial Intelligence (AI) is benefited by quantum computing as it provides massive processing power and logic for free decisions which will help AI technology to grow at an impressive rate. Quantum computing will assist scientists to compute molecular structure. Quantum photonics is an emerging trend which will have a positive impact in the coming future.
Quantum Computing Market: Market Dynamics
Driving demand for secure communication, role of quantum mechanics in optimizing problems and sampling, use of quantum computing in photonic integrated circuits, role of Quantum computing in machine learning and Artificial Intelligence, use of Quantum cryptography for secure mobile transactions and impact of Quantum Computing on Artificial Intelligence is the driving factors for quantum market
High-cost infrastructure and hardware used in quantum computing are the challenges in Quantum Computing market.
Quantum teleportation will enable the development of an internet named quantum internet that permits to send the message using data encryption techniques and access to Quantum computing via cloud is the latest trend in the Quantum computing market which will contribute to the significant growth of quantum computing
Quantum Computing Market: Market Segmentation
Based on End-use industries
Based on Application
Quantum Computing Market: Competition Landscape
Some of the key players in Quantum Computing Market are Anyon Systems Inc., Cambridge Quantum Computing Limited, D-Wave Systems Inc., QC Ware, Corp., Quantum Corporation, Eagle Power Technologies, Inc., MagiQ Technologies, Inc., Optalysys Ltd., Lockheed Martin Corporation, Qubitekk, Inc., Rigetti & Co, Inc., and Intel Corporation.
Quantum Computing Market: Regional Outlook
The Asia Pacific region is dominating the Quantum computing market followed by North America, Latin America, Western Europe, Eastern Europe and MEA region. Due to the rising competition, continuous innovation, an increase in applications in Quantum Computing are the factors for the significant growth in Quantum Computing market.
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